The Smart Timing ChoiceTM
SiTime to be Acquired by MegaChips for $200M
Frequently Asked Questions
1) What is the news?
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MegaChips Corporation, a Japanese fabless semiconductor company, is acquiring SiTime
Corporation, a MEMS and analog semiconductor company, for $200M.
 Largest acquisition in 2014 for a venture-backed semiconductor company
 MegaChips acquires leadership position in MEMS, through SiTime’s 80% share in MEMS
timing
 MegaChips’ revenues of $600M provides scale for growth of MEMS timing
2) SiTime Summary
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MEMS and analog fabless semiconductor company based in Sunnyvale, California, USA (Silicon
Valley)
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Leader in MEMS timing solutions that replace legacy quartz products
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80% share of MEMS timing market, according to market research firms Semico, Yole and CS&A
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$5 billion TAM (total available market) for timing products: resonators, oscillators, clock generators
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Began operations in 2005; founders came from Robert Bosch GmbH
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Worldwide company: About 90 employees in US, China, Japan, Malaysia, Russia, Taiwan and
Ukraine
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Target markets: Mobile, Wearables, Internet of Things, Industrial, Enterprise (Networking, Storage), 
Telecom, Consumer and Automotive
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Key benefits: Silicon offers more features, higher performance, smaller size, higher quality and
reliability, lower power and better cost
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Shipped 250 Million Units to over 1000 customers in 100 applications
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100 patents
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http://www.sitime.com
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See SiTime Fact Sheet for more information
3) MegaChips Summary
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Founded in 1990; the first fabless semiconductor company in Japan. Founders are still running the
company,
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$585M revenue in FY ending March 2014
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Ranked 21st in WW fabless semiconductor companies by revenue; the only Japanese company in top 
25 fabless semiconductor companies
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813 employees in Japan, US, Taiwan, China, India
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ASIC / ASSP / SOC provider to high-volume vertical industries
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Applications: Game Systems, Image Processing, Panels, Office Automation, HPNA and PON
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Publicly traded in the first section of the Tokyo Stock Exchange
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Successfully acquired companies in Japan, USA and Taiwan; recently acquired ST Micro’s
DisplayPort business in San Jose, California
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Culture: Innovative, fast-moving, entrepreneurial
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http://www.megachips.co.jp/english
4) How much is MegaChips paying for SiTime?
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$200M in cash

again Megachips made a good move here and I did expect someone to acquire them. QCOM missed a good one here, others also should kick themselves................Sand 9 :-)